"Not many gold explorers can claim to own 2M oz of gold"
This statement I think is a little misleading as it implies LRC has 2M oz and we all know they don;t until further upgrades from present drilling program.
Yesterday we saw the reaction to what some have called market perception of 1-2M oz which was only a conceptual projection by management of LRC in there Aug 2009 release.
Anyway...that sort of resource would be great so lets hope that their drilling program can indeed find a measured and indicated resource of 1-2M oz.
I also think there will be a re-correction to the over reaction yesterday, which really has played into the traders hands I think.
Anyway all the best.
LRC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
